Countrywide has announced a new addition to its board.
He is Mark Shuttleworth, who has been appointed non-executive director with effect from October 1. He will become chair of the company’s audit and risk committee from January 1.
He has held various senior finance positions and most recently was chief financial officer at both Pace plc, where he successfully completed the merger with Arris plc, and Emirates Integrated Telecommunications Company.
Peter Long, executive chairman of Countrywide, said: “I am delighted to welcome Mark to the board of Countrywide plc. He is a highly experienced and established finance leader with experience in public companies across the FTSE and Middle Eastern Exchanges.
“Mark brings substantial restructuring and turnaround expertise.”
Shuttleworth was a director of ORA Telecom Ltd from May 1999 to May 2001, which was subsequently placed into receivership in November 2001. He was also a director of European Telecom plc between July 2001 and May 2002, which was placed in administrative receivership in May 2002.
Comments (9)
Long…Decides his workload is so burdensome that he must leave Royal Mail to focus on CW.
Three weeks later Royal Mail post profits warning.
shuttleworth joins with ‘ turnaround experience ‘ having two businesses fail and go into administration.
You could not make it up…I fear for all the Boys and Girls at the coal face.
Taxi for countrywide !!!!!!!!!
Hope for the sake of the staff it all works out but from what i can see they need a huge influx of experienced motivated staff at branch level
>Shuttleworth was a director of ORA Telecom Ltd from May 1999 to May 2001, which was subsequently placed into receivership in November 2001. He was also a director of European Telecom plc between July 2001 and May 2002, which was placed in administrative receivership in May 2002.
>“Mark brings substantial restructuring and turnaround expertise.”
Must have misread the CV. Easy thing to do I suppose. It really said shutdown expertise.
I appreciate it’s a big plc but surely they can find a finance expert with property background. That’s where Platt went wrong as from retail. Middle East exchanges should be useful though!
Good to see CW have learnt from their past mistakes are gone down the route of employing individuals such as Long & Suttleworth with experience within the industry …..
‘So, what experience can you offer if we appoint you to steer the ship?’
Well, I steered the Mary Rose, the Lusitania, the Titanic, the Edmund Fitzgerald, and the Torrey Canyon.’
‘Marvellous. When can you start?’
The last paragraph suggests not quite so good at turnarounds as Mr Long may hope.
If he can’t find a way to kill pay any way unregulated liars and find away to increase house units by 100% the only thing he will turning around is his hedge fund backed Mercedez in the car park.